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Wednesday, September 7, 2011

Gold and Silver Raid in Process: The Morgue Attempting to Take Out Wynter Benton Stops?

Gold and silver are currently being raided at the unusual time of slightly after midnight EST (typically raids occur ~ 3am EST on the LBMA, and 9:30-11:30 EST on the COMEX).
Gold has been smacked-down from $1880 to $1825 almost within mere ticks.
We warned yesterday to expect the cartel to pull out the big guns in an attempt to paint a double top in gold near $1915.
Think announcing the CHF will be joining the Euro (for all monetary effects and purposes) is a big enough gun?

*Update- could the unusual (timing wise) $50 gold and $1.25 silver take-down have been an attempt to trigger stop losses from the Wynter Benton group? The following post was placed by Wynter only a few minutes after the raid:

*Update 2: We hope you Stacked The Smack fast, as silver has already retraced nearly all of its losses

Silver was just raided a full $1.25 as well, literally trading from $42 to $40.75 in the same descent as a Cedar Point Power Tower ride.

As BTFD implies a dip or normal market action sell-off, we have decided that from now on we will refer to the buying of silver (and gold) into such extreme manipulated cartel price weakness (smack-downs) as:

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